MAHWAH, NJ—Reflecting increased demand for industrial space in the automotive sales market, NAI James E. Hanson has leased 36,021 square feet at 211 Island Road, Mahwah, NJ, to Ramsey Auto Group.
NAI vice president Anthony Cassano represented Ramsey Auto Group and the NAI Hanson team of senior vice president Ken Lundberg and sales associate Patrick Lennon represented the property's landlord, Ivy Equities.
The property features four tailgates and 16,940 square feet of office space in addition to its warehouse capabilities.
“Ramsey Auto Group's Subaru division has seen a large uptick in sales recently,” says Cassano. “The space at 211 Island Road will allow the company to service the vehicles they've already sold while also able to continue to expand its business.”
“This lease is an example of the increasing activity in the automobile sales market,” says Lundberg. “Ramsey has 12 brands in eight locations throughout Northern New Jersey. Clearly, this is a sign that the economy is continuing to improve in Northern New Jersey.”
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
